NobleSeed:
there are varieties of business you can start with that amount of money bro.
Since is your brother that will be incharge ,is best you called him and make enquiries of what business he thinks he can venture into.Called him and hear from him first bro.some people here will still you to use the money to play 2 odds

Mikechinos:

I asked him he said betting shop. But I don't think it's that much lucrative business considering its over saturated

ethicallyright:
You'll most likely be wasting your money. Entrepreneurship is a trait. It is 50% talent and 50% hardwork.

When you ask for a business idea, you have already failed before the business starts.

A woman who owns and runs a profitable restaurant may not be successful if she chose to import smuggle Okirika .

You have also failed before you started if you choose entrepreneurship because you have not secured the corporate or public service job you hoped for.

It is not a coincidence that Mark Zuckerberg (Facebook Inc), Bill Gates (Microsoft), Steve Jobs (Apple Inc) all dropped out of school to create startups that would later become multinational conglomerates. From inception they wanted to be entrepreneurs. They wanted to own businesses. They were naturally never going to work under someone. That is why they didn't care to get those certificates when their parents sent them to school. It was not a permutation for them (if I get this certificate but don't get a job then I start a business). It was certainty for them even as teenagers: I am going to be an entrepreneur or nothing else. Dangote who started selling at primary school, then secondary school cannot be left out in this discourse.

You don't give an entrepreneur money and hope he multiplies it without the entrepreneur asking for it. Zuckerberg, Gates , Jobs, Dangote etc will all have a business idea, start it with what they have, calculate the risk and then approach a venture capitalist or a wealthy uncle to grow the idea. Dangote's rich Uncle did not dash Dangote money out of nowhere, Dangote took a loan when he wanted to expand.

Do you think a billionaire angel investor or venture capitalist could not have just stolen the ideas of Zuckerberg or even Nigeria's real estate mogul Sojimoto when they tabled their business plans without money? The investors understand money and understand that you can have money, government support at your disposal but you cannot grow a company.

I started a venture with less than 10,000 naira in my fourth year in the University. Grew it to a few millions before I graduated. I have given my friend loans close to 1 million naira cumulatively (he's paid back all of them) but he does not have 10,000 naira in his account today.

What I'm teaching you is what you'll pay millions to learn in Havard Business School or spend 3 years to be taught as an apprentice at Alaba International Market.

Mikechinos:
nice one. Really appreciate